Page:United States Statutes at Large Volume 97.djvu/449

 PUBLIC LAW 98-76—AUG. 12, 1983 97 STAT. 417 fits (other than benfits payable from the Dual Benefits Pay- ments Account) for every month in such fiscal year; "(B) the first fiscal year during which the Board would recom- mend suspension of the authority to borrow contained in section 10(d) of the Railroad Unemployment Insurance Act, in order to 45 USC 360. prevent depletion of the Railroad Retirement Account; and "(C) the amount, if any, of adjustments (stated in terms of percentage of taxable payroll), and any other changes such as cash flow adjustments, necessary to preserve the financial sol- vency of the Railroad Retirement Account, if such adjustments were effective at the beginning of the next succeeding fiscal year. "(2) Not less than 20 nor more than 30 days after the submission Publication in of a written report under this subsection which indicates that, in the federal absence of any adjustments, the Railroad Retirement Account will ^^s^^*® ' "- contain insufficient funds to pay the full amount of the benefits under this Act which are payable from that Account at some time during the five-year period covered by the report, the Board shall publish such report in the Federal Register.". SEC. 106. (a) Section 2(a)(1) of the Railroad Retirement Act of 1974 45 USC 23ia. is amended— (1) by striking out "the age of sixty-five" from paragraph (i) and inserting in lieu thereof "retirement age (as defined in section 216(1) of the Social Security Act)"; and Ante, p. 107. (2) by striking out "reduced by 1/180 for each calendar month that he or she is under age sixty-five when the annuity begins to accrue" from paragraph (iii) and inserting in lieu thereof "reduced by 1/180 for each of the first 36 months that he or she is under retirement age (as defined in section 216(1) of the Social Security Act) when the annuity begins to accrue and by 1/240 for each additional month that he or she is under retirement age (as defined in section 216(1) of the Social Security Act) when the annuity begins to accrue". (b) Section 2(a)(3) of the Railroad Retirement Act of 1974 is 45 USC 23la. amended by striking out "the age of 65" and "the age of sixty-five years" and inserting in lieu thereof in each instance "retirement age (as defined in section 216(1) of the Social Security Act)". (c) Section 2(c)(1) of the Railroad Retirement Act of 1974 is amended by striking out "the age of 65" from paragraph (ii) and inserting in lieu thereof "retirement age (as defined in section 216(1) of the Social Security Act)". (d) Section 2(c)(2) of the Railroad Retirement Act of 1974 is amended— (1) by striking out "the age of 65" and inserting in lieu thereof "retirement age (as defined in section 216(1) of the Social Secu- rity Act)"; and (2) by striking out "reduced by 1/144 for each calendar month that the spouse or divorced wife is under age 65 when the annuity begins to accrue" and inserting in lieu thereof "reduced by 1/144 for each of the first 36 months that the spouse or divorced wife is under retirement age (as defined in section 216(1) of the Social Security Act) when the annuity begins to accrue and by 1/240 for each additional month that the spouse or divorced wife is under retirement age (as defined in section 216(1) of the Social Security Act) when the annuity begins to accrue". 11-194 O - 85 — 15:QL3

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